You Have an APR of 7

question 29

Multiple Choice

You have an APR of 7.5% with continuous compounding.The EAR is _____.

• A) 7.50%
• B) 7.65%
• C) 7.79 %
• D) 8.25%

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Definitions:

Cardiomyopathy

A condition affecting the heart muscle, leading to a decreased ability for the heart to circulate blood throughout the body.

Blue

A color in the spectrum visible to the human eye, occupying the band approximately halfway between green and violet.

Musculoskeletal

Referring to the system of muscles and skeletons in the body and its related disorders.

Nephrology

The branch of medicine that deals with the functions and diseases related to the kidneys.